Belgium tagged posts

NZ and Belgium Sign DTA Amendment

December 10, 2009 International TaxationNew Zealand Taxation

United Future AnnouncementThe On December 7th, Governments of New Zealand and Belgium signed a second protocol amending their currently active Double Taxation Avoidance (DTA) agreement.

The second protocol to the New Zealand-Belgium DTA was created to ensure the standing agreement’s relevance and applicability to the current tax laws of both countries. The DTA agreement is required to be amended in both countries before the second protocol can come into legal effect, in New Zealand this is done by Order in Council. Peter Dunne claimed in a media statement on December 10th, that he expects progress to be announced in early 2010.

The original DTA between New Zealand and Belgium was signed on September 15th, 1981, and came into force December 8th, 1983...

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New Zealand Double Taxation Agreements

September 1, 2008 International TaxationNew Zealand Taxation  No comments

Double taxation agreements are tax treaties between two countries. These agreements come into effect when a person is a tax-resident of both New Zealand and another country.

Double Taxation agreements prevent the situation of taxation on one income by two countries, through coming to an agreement as to what incomes will be taxed in the country of residence and exempt in the country of occurrence. It also deals with the opposite case where the income will be taxed at the country of occurrence and compensation arises in the country of residence.
Double Taxation also extends to more comprehensive sharing of tax information between tax authorities.

New Zealand currently holds double taxation agreements with the following countries:

Australia
Austria
Belgium
Canada
Chile
China
Czech Republic

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